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Jul 5, 2011
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he's calling for a big, big compromise at this point. but let me ask you about what bipartisan folks like bowles, alan simpson, the center for responsible federal budget. i mean they're saying there's simply no way to get at this huge $14 trillion debt just on the spending side, that you have to go after revenues to get to that number. >> i think there's really two parts to that, judy. one is to reduce the overall business tax rate hopefully to make us more competitive globally. as i read president clinton reiterated today just makes sense if it's cheaper to do business here in the united states, then jobs will be created here. if it's cheaper to keep that cash and to create jobs abroad, that's what businesses will do because it makes economic sense. but again i think the last thing i would think you would want to do when the recovery is is so anemic and when the private sector is sort of sitting on the side lines because they don't know what the costs of doing business are going to be, tax rates, regulatory policy, that i think we need
he's calling for a big, big compromise at this point. but let me ask you about what bipartisan folks like bowles, alan simpson, the center for responsible federal budget. i mean they're saying there's simply no way to get at this huge $14 trillion debt just on the spending side, that you have to go after revenues to get to that number. >> i think there's really two parts to that, judy. one is to reduce the overall business tax rate hopefully to make us more competitive globally. as i read...
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Jul 22, 2011
07/11
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the company became a pioneer of the big-box bookseller concept. at its peak in 2003, borders had more than 1,200 stores around the country, each with thousands of new titles. the company says a host of factors led to its demise, including the turbulent economy; the move away from brick and mortar stores to online retailers and the rise of e- readers, like the kindle, ipad, and nook. more on this story now from annie lowery, who's followed it as a business writer for the online magazine "slate." welcome to you. >> thank you. >> brown: now part of this is, of course, about larger trends of the internet's impact on the book business. but borders also made its own mistakes, i guess, along the way. >> absolutely. >> brown: what happened? >> it's not an easy climate for any retail business or for anybody selling books, obviously. but borders made some strategic mistakes. first and foremost they had a very, very tennuous relationship with the internet. they actually outsourced the sale of a lot of their books on-line from 2001 to 2008 to amazon. and on t
the company became a pioneer of the big-box bookseller concept. at its peak in 2003, borders had more than 1,200 stores around the country, each with thousands of new titles. the company says a host of factors led to its demise, including the turbulent economy; the move away from brick and mortar stores to online retailers and the rise of e- readers, like the kindle, ipad, and nook. more on this story now from annie lowery, who's followed it as a business writer for the online magazine...
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Jul 4, 2011
07/11
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that's the big difference between the nba and the nfl. the nba owners and management are actually asking concessions from their players. >> howard beck, what would you add to that? help us understand the divide between the owners and the players in basketball. >> well, it basically breaks down along two lines for the nba. there's the philosophical or the stuck toural side of thisçç which is that they want to impose this hard salary cap instead of the soft cap which has all kinds of exceptions that allow teams to go past the cap limit on payrolls and a hard cap which would be an all-time first for the nba, something that players have been fighting against for decades really, ever since the sort cap system went into place. there's the structural. the other side is just the straight financial division of the revenues which are near $4 billion. currently the players make about 57%. the owners are saying they want to ratchet it down to more of a 50-50 split. even within that it's a redefined revenueç kol that they want to split 50-50. wha
that's the big difference between the nba and the nfl. the nba owners and management are actually asking concessions from their players. >> howard beck, what would you add to that? help us understand the divide between the owners and the players in basketball. >> well, it basically breaks down along two lines for the nba. there's the philosophical or the stuck toural side of thisçç which is that they want to impose this hard salary cap instead of the soft cap which has all kinds...
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Jul 28, 2011
07/11
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workers, 600,000 of the big three. in 2004 it was 230,000, to today it's 111,00. they've suffered enormous reductions and hundreds of thousands of workers have taken buyouts in the last few years. so the companies are bringing more cars online. they can use... they can dangle more jobs and more products and more employment to the u.a.w. as a concession because they don't want to increase their hourly wage rate because they're still paying more on average than their foreign competitors. >> brown: but for the union it's in a sense fighting for some relevancy here, i guess, right? >> well, survival basically. there's two things the union needs to do. they need to get a contract that their members will accept. they also have to send a message to the foreign companies. they have been trying desperately to organize the transplants. toyota, honda, nissan, and, frankly, they've had no success. and they've tried this for decades and the new waub president bob king has made this a goal. if they don't organize the transplants they are forever going to be sort of sliding down
workers, 600,000 of the big three. in 2004 it was 230,000, to today it's 111,00. they've suffered enormous reductions and hundreds of thousands of workers have taken buyouts in the last few years. so the companies are bringing more cars online. they can use... they can dangle more jobs and more products and more employment to the u.a.w. as a concession because they don't want to increase their hourly wage rate because they're still paying more on average than their foreign competitors. >>...
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Jul 22, 2011
07/11
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so i think the president took a big risk. maybe we will see his tone as he is giving it to them, angry, treating them like children. but a lot of people will take a look at it and say there's some arrogance and self-superiority there. >> rooney: . >> lehrer: well, it's 6:36 as we're speaking eastern time and the president's still speaking. in the white house briefing room. but he says, mark, that he's going to-- he called the bipartisan congressional leadership to the white house tomorrow, saturday for a meeting. but boehner says he's not negotiating, what's going on? that's what i am trying to get. we don't know. >> well, john boehner said he himself was going to now negotiate with the leaders of the senate. and to try and come up with something. that was in his statement. so but the president did say, not to come from me, he said be at the white house tomorrow morning at 11:00 and come up with a solution. it's up to you. i know the best of my knowledge harry reid and mitch mcconnell and nancy pelosi have not been-- or citiz
so i think the president took a big risk. maybe we will see his tone as he is giving it to them, angry, treating them like children. but a lot of people will take a look at it and say there's some arrogance and self-superiority there. >> rooney: . >> lehrer: well, it's 6:36 as we're speaking eastern time and the president's still speaking. in the white house briefing room. but he says, mark, that he's going to-- he called the bipartisan congressional leadership to the white house...
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Jul 20, 2011
07/11
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sugiri. >> we have already changed from big family to small family. in 1970s, our fertility rate was 5.6 children per woman. now it is 2.6 per woman. it's very good in terms of decreasing fertility. but it is not enough. fertility should be 2.1. >> reporter: 2.1, that's replacement rate, is that right? >> yes, that's right. >> reporter: even after that success, the population isn't expected to level off until it reaches some 350 million. and there's one other big question about how much of a role gandarusa will play in lowering that fertility rate: whether or not it gets the approval of islamic religious leaders. some fundamentalist groups are opposed to any form of birth control. but dr. sugiri says, most mainstream imams approve of family planning methods if they are not permanent and do not harm the body. he is optimistic gandarusa will be available in indonesian stores as early as next year. he's less confident the drug will be sold in the united states any time soon, since strict food and drug regulations would require years of additional testing
sugiri. >> we have already changed from big family to small family. in 1970s, our fertility rate was 5.6 children per woman. now it is 2.6 per woman. it's very good in terms of decreasing fertility. but it is not enough. fertility should be 2.1. >> reporter: 2.1, that's replacement rate, is that right? >> yes, that's right. >> reporter: even after that success, the population isn't expected to level off until it reaches some 350 million. and there's one other big...
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Jul 28, 2011
07/11
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. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: it was decision day in the house of representatives today as speaker john boehner faced a key test of his leadership, four days before the u.s. government could face default. "newshour" congressional correspondent kwame holman begins our coverage. >> reporter: house republicans pushed forward with a vote today on the speaker's plan, even as the measure faced a white house veto threat and a firm wall of opposition in the democratic- controlled senate. boehner's plan would cut the deficit by $917 billion over the next decade by capping the budgets of federal agencies. the proposal would also raise the debt ceiling by $900 billion enough to allow the g
. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: it was decision day in the house of...
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Jul 27, 2011
07/11
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that's the big question. but you askd probably the most the smartest question which is even if that's the case, even if we get downgraded, will people stop buying treasurys? on a relative basis, we may still look like not a bad debt at least. >> but the problem in that scenario is that the cost to the government of getting money, of the price you have to pay in interest to get the money that you need will go up. if we're talking about a problem that is rooted in a deficit, a federal deficit that has grown dramatically in the last few years, you're now going to make that worse by making borrowing costs for the government higher. the irony is if the net result of trying to deal with the deficit will be to make borrowing costs higher so that the deficit becomes bigger rather than smaller over time, everybody will have shot themselves in the foot. >> starting with you, jerry, do you see much going on behind the scenes, contingency plans, you know, what-ifs? especially here in washington? you start with washington
that's the big question. but you askd probably the most the smartest question which is even if that's the case, even if we get downgraded, will people stop buying treasurys? on a relative basis, we may still look like not a bad debt at least. >> but the problem in that scenario is that the cost to the government of getting money, of the price you have to pay in interest to get the money that you need will go up. if we're talking about a problem that is rooted in a deficit, a federal...
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Jul 1, 2011
07/11
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>> well, i think it's a cautionary tale for the big media companies and the big tech companies who perhaps wish to acquire a lot of these companies. they're a lot harder to monetize than you think. and this is a business that moves very fast. and when you look at something like myspace, when it first sold to newscorp in 2005, there was much excitement about the fact it had the most users and it was the biggest. but we saw facebook, at that time very fine-- tiny, compute better and fast or the business. myspace lost because newscorp failed to execute, in my opinion and because they didn't focus on the technology at the time and their competitors did. i think that's a danger for any business in any industry. i don't think it necessarily is a suggestion that we're going to see the explosion of a number of healthy-- potentially healthy business in this field. >> suarez: and, josh, when we talk about myspace, we're looking at, as jessi mentioned, a company that was a leader in its field. so as they always say in the financial services commercials-- past performance is no prediction of future va
>> well, i think it's a cautionary tale for the big media companies and the big tech companies who perhaps wish to acquire a lot of these companies. they're a lot harder to monetize than you think. and this is a business that moves very fast. and when you look at something like myspace, when it first sold to newscorp in 2005, there was much excitement about the fact it had the most users and it was the biggest. but we saw facebook, at that time very fine-- tiny, compute better and fast or...
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Jul 8, 2011
07/11
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there is a big income divide. affluent republicans say it is more important to reduce the deficit but poorer republicans, middle class and lower middle class republicans say no, no, protect our benefits. >> woodruff: and are these attitudes, andy, that have changed over time with all the attention that's now being give tone the size of the debt and the urgency of the problem. >> you know, people are willing to do a lot of things to reduce this deficit. the concern is at an all-time high but when it comes to entitlements, there's no movement. it really is rock solid when we see 2 to 1 margins. >> and again entitlements meaning social security. >> and even medicaid, having states raise -- make it -- reduce eligibility for medicaid, not 2 to 1 but a solid majority say no let's not do that. >> woodruff: naftali -- with public opinion aside, what sort of divide or is there one among the leadership in the democratic or republican parties between the rank and file. >> i think that is one of the most interesting dynamics
there is a big income divide. affluent republicans say it is more important to reduce the deficit but poorer republicans, middle class and lower middle class republicans say no, no, protect our benefits. >> woodruff: and are these attitudes, andy, that have changed over time with all the attention that's now being give tone the size of the debt and the urgency of the problem. >> you know, people are willing to do a lot of things to reduce this deficit. the concern is at an all-time...
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Jul 12, 2011
07/11
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i would say the question is big question marks on both cases. the fact of the matter is the money which should have been appropriateed initially when george w bush announced the cancellation of the shuttle program never materialized. and so the program that he envisioned which would have sent astronauts back to the moon and ultimately beyond to mars, never took hold. so obama reversed course. and now we're in a situation where there is no specific date, no specific destination, just embracing some technologies that will allow nasa to push beyond low earth orbit. will there be funding for that? will there be the political will and leadership to follow through? those are big questions. >> dr. jemison, did nasa make, short term, the right choices. don't head off on something until you know where you are headed? >> well, i don't think it's an issue of don't hid off. i think the issue is reallies what con tell says is going somewhere -- con tell says is going somewhere and was it worth waiting until 2028 to get rid of the space station and shuttle pr
i would say the question is big question marks on both cases. the fact of the matter is the money which should have been appropriateed initially when george w bush announced the cancellation of the shuttle program never materialized. and so the program that he envisioned which would have sent astronauts back to the moon and ultimately beyond to mars, never took hold. so obama reversed course. and now we're in a situation where there is no specific date, no specific destination, just embracing...
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Jul 30, 2011
07/11
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there are big issues here. defense spending issues going to be very large, i think, for mcconnell because the reid approach had some serious cuts in defense spending. and then, you know,-- but mcconnell's already proposed some ideas that are likely to be incorporated in the reid-- in the reid bill that will allow the president to do a kind of second charge of increases in the debt limit without congress having much of an influence over it. congress would have to vote against it. so i think that the elements of a beale are here. you know, the problem from my perspective is, this is the easy stuff because it doesn't deal with tax,because it doesn't deal with entitlement. the question is, it doesn't even solve the deficit problem but it's been such a problem just to get the easy-- the question is that the rating agencies, the credit rating agencies and others, can can can they do the harder stuff right down the road? that, i think, is the real difficulty. >> one thing that hasn't been addressed, jim, and republica
there are big issues here. defense spending issues going to be very large, i think, for mcconnell because the reid approach had some serious cuts in defense spending. and then, you know,-- but mcconnell's already proposed some ideas that are likely to be incorporated in the reid-- in the reid bill that will allow the president to do a kind of second charge of increases in the debt limit without congress having much of an influence over it. congress would have to vote against it. so i think that...
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Jul 14, 2011
07/11
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i mean, you need to go there with a big project, working together with the community, to have a big impact. now, the challenge is a lot of people need to be relocated. and the strategy to move people and to bring them back is still not clear. so i prefer not to-- you know, i can give you my opinion, but maybe it's better if i don't. you know, it's like this, when you work with people, it's not easy, never easy. you know, the infrastructure is the soft work. the hard work is dealing with people, is dealing with the governments, dealing with the communities, dealing with the all the institutions, all the interests. so it's dealing with people is, like, the hard work. >> ( translated ): can't you see the government is lying to us? we'll be evicted like dogs one day. >> ( translated ): if you're wise, you should find somewhere to move to now. don't count on being given a house and don't think you'll come back here. when you leave, you are gone for good. >> ( translated ): how much did you say it was? >> ( translated ): that is 5,500. >> ( translated ): and electricity? >> ( translated ): 1,000
i mean, you need to go there with a big project, working together with the community, to have a big impact. now, the challenge is a lot of people need to be relocated. and the strategy to move people and to bring them back is still not clear. so i prefer not to-- you know, i can give you my opinion, but maybe it's better if i don't. you know, it's like this, when you work with people, it's not easy, never easy. you know, the infrastructure is the soft work. the hard work is dealing with people,...